IBGB vs. XONE
IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds - IBGB tracks the ICE 2045 Maturity US Treasury Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past year, IBGB returned -0.26% vs 3.55% for XONE. Their 0.50 correlation means their historical movements had little consistent relationship. IBGB charges 0.07%/yr vs 0.03%/yr for XONE.
Performance
IBGB vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, IBGB achieves a -1.86% return, which is significantly lower than XONE's 1.68% return.
IBGB
- 1D
- 0.77%
- 1M
- -2.11%
- 6M
- -1.81%
- YTD
- -1.86%
- 1Y
- -0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.52%
XONE
- 1D
- 0.04%
- 1M
- 0.28%
- 6M
- 1.42%
- YTD
- 1.68%
- 1Y
- 3.55%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.56K | $33.15K | $77.72K | |
| $13.20M | $8.31M | $5.86M |
IBGB vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGB iShares iBonds Dec 2045 Term Treasury ETF | -1.86% | 2.62% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.68% | 3.37% |
Correlation
The correlation between IBGB and XONE is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.50 |
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Return for Risk
IBGB vs. XONE — Risk / Return Rank
IBGB
XONE
IBGB vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBGB | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.73 | ||
| Sortino ratioReturn per unit of downside risk | -13.34 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 3.06 | -2.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 22.28 | -22.32 |
| Martin ratioReturn relative to average drawdown | -0.08 | 113.68 | -113.77 |
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Drawdowns
IBGB vs. XONE - Drawdown Comparison
The maximum IBGB drawdown since its inception was -8.09%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for IBGB and XONE.
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Drawdown Indicators
| IBGB | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.09% | -0.40% | -7.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -0.16% | -6.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.28% | — |
Current DrawdownCurrent decline from peak | -5.59% | 0.00% | -5.59% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -0.04% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.03% | +3.04% |
Volatility
IBGB vs. XONE - Volatility Comparison
iShares iBonds Dec 2045 Term Treasury ETF (IBGB) has a higher volatility of 2.36% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.16%. This indicates that IBGB's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGB | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 0.16% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 0.41% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 0.53% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 0.85% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 0.85% | +8.52% |
IBGB vs. XONE - Expense Ratio Comparison
IBGB has a 0.07% expense ratio, which is higher than XONE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBGB vs. XONE - Dividend Comparison
IBGB's dividend yield for the trailing twelve months is around 4.74%, more than XONE's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBGB iShares iBonds Dec 2045 Term Treasury ETF | 4.74% | 3.53% | 0.00% | 0.00% | 0.00% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 3.97% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
IBGB and XONE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGB has higher volatility (2.36%) compared to XONE (0.16%). In terms of maximum drawdown, IBGB dropped -8.09% vs XONE's -0.40%.
On 1-year performance, XONE leads with 3.55% vs -0.26% for IBGB. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XONE has performed better with a 3.55% return vs -0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.07% for IBGB.
IBGB has the higher dividend yield at 4.74%, compared with 3.97% for XONE.
IBGB tracks ICE 2045 Maturity US Treasury Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: iShares and BondBloxx. Their fees differ too: 0.07% for IBGB and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (6.70 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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